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In this episode of *Take the Leap Management*, we dive deep into the classic method for managing risks in project portfolios: **identifying risks, assessing them, and developing mitigation strategies**. We’ll break down each step, from systematically identifying potential risks to using real examples of how to assess and prioritize them. You’ll learn how tools like SWOT analysis, risk matrices, and historical data can help in the identification process, and how to evaluate risks based on their likelihood and impact. We’ll also cover how to develop effective mitigation strategies, from risk avoidance to transferring risks, and explore how to prioritize risks based on the urgency they pose to your projects. But is this widely used approach really the best? Tune in as we question whether relying on subjective risk estimates is enough—and if there might be more effective ways to manage risk.
In today's fast-paced project environment, ensuring your team has the right skills and expertise is critical for success. Capability assessment, as outlined by PMI, helps organizations evaluate their current strengths, identify gaps, and build the necessary skills to deliver projects effectively. Here's a quick overview of the process!
In this episode we’re taking a closer look at Capability Maturity Model Integration, or CMMI—a game-changing framework that helps organizations streamline processes, reduce risks, and improve performance. If you've ever felt like your projects are all over the place, or you're constantly fighting fires instead of driving growth, CMMI can be your roadmap to maturity. From assessing where you are now to building a structured path to excellence, CMMI helps you level up—step by step. We’re going to break down how this model works, why it matters, and how you can apply it to your own team or organization. So, whether you're new to CMMI or looking to deepen your understanding, stick around as we explore how to measure what matters and elevate your capabilities to the next level.
In this episode of Take the Leap Management, we explore the vital concepts of Capacity and Capability Management through the lens of PMI (Project Management Institute). Balancing the resources you have with the skills they possess is no easy feat, and often, tough trade-offs must be made. Do you invest in growing your team's capabilities or focus on maximizing current capacity? We’ll break down the differences, discuss the real-world implications of each, and provide actionable insights on how to navigate these trade-offs to deliver successful projects every time. Tune in and learn how to make the most of what you’ve got while preparing for what's next!
In this episode of Take the Leap Management, we explore some of the common critiques of PMI’s portfolio management theories. We dive into issues like over-standardization, complexity, risk aversion, and the heavy focus on financial metrics, while discussing how organizations can adapt these frameworks to fit their unique needs. Whether you're a project manager or a leader navigating portfolio decisions, this episode offers practical insights on how to balance structure with flexibility and drive real value. Tune in to learn how to make PMI’s portfolio management work for you.
In this episode of Take the Leap Management, we dive into the fundamentals of Project Portfolio Management and explore how organizations can strategically select, prioritize, and manage projects to align with their business objectives. We’ll cover essential PMI concepts such as balancing risk, maximizing value, and optimizing resources across a diverse portfolio. Whether you're a student or a seasoned professional, this episode offers valuable insights on effectively managing a project portfolio to drive long-term success. Tune in to learn how to elevate your portfolio management approach!
In this episode of Take the Leap Management, we explore Project Portfolio Alignment and how it ensures that every project supports an organization’s strategic goals. We discuss key methods from PMI’s portfolio management theories, including strategic mapping, scoring models, and resource alignment, along with practical examples of how organizations can prioritize projects that deliver maximum value. Whether you're managing a portfolio or just starting out, this episode will help you understand how to align projects with long-term success. Tune in and learn how to keep your projects on track with your organization's vision.
In this episode of Take the Leap Management, we dive into Project Portfolio Maturity—what it means for organizations and how it impacts the success of their projects. We'll explore how developing mature portfolio management practices can help businesses strategically align projects, optimize resources, and drive long-term value. Whether you're just starting out or looking to refine your skills, this episode will provide insights on elevating your portfolio management to the next level.
This podcast talks about how to balance a portfolio, methods you can use and the reasons for it
This podcast deals with the notion of prioritizing projects, what projects are more important than others.
The podcast currently has 33 episodes available.